Consumer credit in the United States went up by USD 27.58 billion in February of 2021, following a revised USD 0.09 billion gain in the previous month and comfortably beating market expectations of a USD 5 billion rise. It was the biggest monthly gain in consumer credit since November of 2017, as revolving credit increased by USD 8.1 billion while non-revolving credit went up by USD 19.5 billion. On an annual basis, consumer credit rose 7.9 percent, following a flat reading in the prior month. source: Federal Reserve

Consumer Credit in the United States averaged 4.43 USD Billion from 1943 until 2021, reaching an all time high of 29.22 USD Billion in November of 2017 and a record low of -64.09 USD Billion in April of 2020. This page provides the latest reported value for - United States Consumer Credit Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Consumer Credit Change - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

Consumer Credit in the United States is expected to be 19.18 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Credit in the United States to stand at 28.16 in 12 months time. In the long-term, the United States Consumer Credit Change is projected to trend around 9.59 USD Billion in 2022 and 9.79 USD Billion in 2023, according to our econometric models.

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United States Consumer Credit Change

Actual Previous Highest Lowest Dates Unit Frequency
27.58 0.09 29.22 -64.09 1943 - 2021 USD Billion Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-08 08:00 PM Nov $15.27B $4.54B $9B $10.2B
2021-02-05 08:00 PM Dec $9.73B $13.93B $12B $12.6B
2021-03-05 08:00 PM Jan $-1.31B $8.8B $12B $12.5B
2021-04-07 07:00 PM Feb $27.58B $0.09B $5B $5.2B
2021-05-07 07:00 PM Mar $27.58B $20B $18.7B
2021-06-07 07:00 PM Apr
2021-07-08 07:00 PM May
2021-08-06 07:00 PM Jun $ 19.2B


News Stream
US Consumer Credit Growth Hits Highest Since 2017
Consumer credit in the United States went up by USD 27.58 billion in February of 2021, following a revised USD 0.09 billion gain in the previous month and comfortably beating market expectations of a USD 5 billion rise. It was the biggest monthly gain in consumer credit since November of 2017, as revolving credit increased by USD 8.1 billion while non-revolving credit went up by USD 19.5 billion. On an annual basis, consumer credit rose 7.9 percent, following a flat reading in the prior month.
2021-04-07
US Consumer Credit Surprisingly Falls
Consumer credit in the United States declined by USD 1.3 billion in January of 2021 after rising by a downwardly revised USD 8.8 billion in the previous month, soundly disappointing market expectations of a USD 12 billion gain. It was the first decline in consumer credit in five months, as revolving credit declined by USD 9.8 billion, while non-revolving credit went up by USD 8.5 billion. On an annual basis, consumer credit dropped 0.4 percent after a revised 2.5 percent increase in the previous month.
2021-03-05
US Consumer Credit Grows Below Expectations
Consumer credit in the United States increased by $9.73 billion in December of 2020 after rising by a downwardly revised $13.93 billion in the previous month, disappointing market expectations of a $12 billion gain. It was the fourth consecutive rise in consumer credit, as non-revolving credit went up by $12.7 billion while revolving credit declined by $3 billion. On an annual basis, consumer credit grew 2.8 percent after a 4.0 percent increase in the previous month.
2021-02-05
US Consumer Credit Above Forecasts
Consumer credit in the United States increased by $15.27 billion in November of 2020 after rising by a downwardly revised $4.54 billion in the previous month, beating market expectations of a $9 billion gain. It is the biggest increase since June as non-revolving credit went up by $16.06 billion while revolving credit declined by $0.787 billion.
2021-01-08

United States Consumer Credit Change
In the United States, Consumer Credit refers to outstanding credit flows extended to individuals for household, family, and other personal expenditures, excluding loans secured by real estate.